This property looks like a bad Long-Term investment with a projected -20.96% first-year return on $294k initial cash invested.
-20.96%
Cash On Cash
1.84%
Cap Rate
0.3
DSCR
$3,542
Rent
-$5,131
Cashflow
Cash Flow
$3,542 income − $8,673 expenses = $5,131 out of pocket
Investment Breakdown
|
Purchase Price
$1399k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$13,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,542
Total Expenses
$8,673
Mortgage P&I
200%
$7,095
Property Taxes
1%
$52
Home Insurance
14%
$490
HOA
3%
$115
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0